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718 W 168th ST Gardena, CA 90247
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Key Details
Sold Price $1,729,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC20069567
Sold Date 06/18/20
HOA Y/N No
Year Built 1963
Lot Size 0.550 Acres
Acres 0.55
Property Description
Situated in the City of Gardena, this property offers Four Separate Single-Story Duplexes that consist of all 2 Bedroom / 1 Bath Units. Each Cottage-Style Unit has an attached One (1), or Two (2) Car Garage, with Washer / Dryer hookups. The property also boasts Pitched Roofs, Individual Water Heaters, Patios or Yards, and Copper Plumbing throughout. Because of the large 23,801 Sq. Ft. lot, with No Common Walls between each Unit, tenants can enjoy a Low Density quiet family environment. Note: Six (6) out of the Eight (8) Units are under La City Rent Stabilization Ordinance (RSO), however, Two (2) of the Units are exempt from this Ordinance due to their 1988 Construction. This property has an Actual Cap Rate of 5.00% and a Market Cap Rate of 7.46%.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LAR1
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Fireplace No
Laundry Inside
Exterior
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Lot Description Lawn
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6121009002
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Pat Swanson • Pat Swanson
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